Albertsons CEO to step down after Kroger merger fails. What he says about grocer’s future
The announcement Monday came the same day that Kroger’s CEO, Rodney McMullen, resigned after an investigation by the Cincinnati grocery company’s board into his “personal conduct.” That undisclosed conduct, “while unrelated to the business, was inconsistent with Kroger’s Policy on Business Ethics,” Kroger said in a news release.
THE FRIDAY 5: New CEOs at Kroger, Albertsons; The Looming Threat of Tariffs
Ron Sargent, lead director of Kroger’s board of directors, was appointed to serve as CEO and chairman of the board on an interim basis. During the company’s Q4 earnings call this week, Sargent said Kroger has hired a nationally recognized search firm and will look at internal and external candidates to replace McMullen on a permanent basis.
California, Oregon, Illinois and five other U.S. states have asked a U.S. judge to award them legal fees for winning an order ...
Rodney McMullen and Vivek Sankaran tried mightily to bring their companies together. Now they’re leaving behind retailers on ...
Albertsons said on Monday that its CEO Vivek Sankaran would be retiring and insider Susan Morris would assume the role, ...
Albertsons said on Monday its CEO Vivek Sankaran will retire and insider Susan Morris would assume the top role, as the ...
Rodney McMullen’s abrupt exit caps a tumultuous period for the supermarket chain. The company’s next leader will need to ...
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Rodney McMullen, the now-former CEO of supermarket giant Kroger who stepped down following an investigation into his personal ...
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